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Juli2301 [7.4K]
2 years ago
13

An example of contractionary fiscal policy would be:

Business
2 answers:
IRISSAK [1]2 years ago
4 0
The most recent large-scale use of contractionary fiscal policy came during President Bill Clinton's time in office (1993–2001), when he increased taxes on high-income taxpayers and decreased government spending on both defense and welfare
Zielflug [23.3K]2 years ago
3 0

Answer:

increasing taxes and lowering government spending.

Explanation:

When the government lowers taxes, consumers have more disposable income.

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